The New York Herald Newspaper, November 20, 1873, Page 8

8 "FINANCLL AND CONMERCLAL —+—_— Picture Gallery of Bubbles. > —+—_——_ SHAMS AND SWINDLERS. The Importance of Clean Papers--- Hidden Peculations. ‘The THE STOCK MARKET. What It Requires in Order To Be Really and Not Artificially Strong. ‘THE CLEARING HOUSE ASSOCIATION. The Autocrat of the Hour---Buehuism in Bank- ing---Only a Loss of $349,000. DECLINE IN THE FOREIGN MARKET. (Abate Rees Money Steady at 7 Per Cent---Railroad Bonds Steady---Gold Weaker. WALL STREET, WEDNESDAY, Nov. 19—6 P. M. There have been few periods in the financial his- tory of the country—none during the last twenty years—when detective officers were more de- manded than at the present moment in banks, trust companies and stockjobbing corporations, No man can read the files of newspapers for the sast ninety days and review their record of finan- cial crime without feeling that we have a multi, tude of shams on exhibition—a picture gallery of bubbles that are bursting from week to week, and will continue to explode just as fast as thieves, ‘windlers and falsifiers can prick them, Now it 1s a speculative clerk, old and so very, very ‘confi, ential” that his directors are either too indifferent or too lazy to watch him, and who, when caught in ‘tis crime, falls back with dignified grace on the Young Men’s Christian Association. In another instance it is a yet higher oficial who finds ex- emption trom a scrutiny of his accounts in THE SANCTITY OF A BANK PARLOR. In a third case it is a pure sjeculator, who, ‘trading on the confidence of his victims, amasses $300,000 or $400,000 of their money and decamps. Se ‘on to the end of the chapter, Everywhere tempta- tion, corruption, overtrading, overreaching, and, at the last, discovery and ruin, How many more ©f such developments will take place time only can ‘tell, but they are increasing at arate that is sug- Bestively uncomfortable. Some find the daylight promptly, become the subject of an hour’s wonder and are forgotten, Others are buried under the crust of friendly or discreet secrecy, because it ‘would injure “the institution’ to make them pub- lic. Not a few are possibly at the present moment ‘im process of detection, A notable instance is that of @ certain stock company, which, for years, has Deen a football in the street. Some of its employés ave at last been discovered in a system of MONSTER PECULATIONS that bas steadily absorbed the bulk of its earn- ings. This, too, under the very eye of sundry boards of directors; and until within the last 30 days not a finger had been raised to check the evil, demand a resignation or protect the suffering stockholders. How many other companies are in @ similar condition ? the public, or even to their stockholders, a fully Getailed and explicit report that will enable that public to form a judgment as to the real value of its bonds or stock? Especially at the present time this is what is desired. When it is known definitely that the ‘fancies,’ which are now mak- ing ali Wall street throb with airesh and danger- | ous fever, are worth the prices at which they are | bought or sold we shall have a steady market; a ‘trustworthy basis on which speculation can be judi- clously made, and that more confident tone which ‘will invite the outside investor to employ his money. Until then we need count on nothing more than the present “brokers’’ trade—a swapping of horses while crossing the stream, and a protit as variable as the temper of the passing moments, Commenting on the situation in THE STOCK EXCHANGE w-day, it may be briefly stated that the market ‘was unusually strong and prices advanced to the highest point reached since the panic. These gen- erally were well sustained at the close. The chief transactions were made in Western Union, which has retained the leadership at the Board for @everal days and to a certain degree held prices sympathetically. In other words, the clique move- ment given to this stock has imparted a degree of strength to others which could not have been so long maintained by ther own inherent power, The advance ranged from }z to 33g per cent. Next to Western Union in point of interest was New York Central, Lake Shore, Union Pacific, Wabash, Ohio and Mississippi and Northwestern common. Itis only necessary to add that, almost without exception, all-prices were higher at the close than at the opening. The details will be found below. THE BANKS. 4A meeting of the associated banks will take place at the Clearing House to-morrow, for the purpose of formally considering the report of the Committee of Nine, the several recommen dations of which have been published. It is not our pur- pose to drop even @ thought into the whirlpool of discussion that may influence the result, pro or con. The several banks will, doubtless, act with wisdom, and each from its own particular point of interest, But we cannot lose sight of this fact—to ‘wit, that the Clearing House, as originally organ- ized, was only a convenient agent. To-day it is exercising the powers ofa dictator. It 1s the ems bodiment of centralization in its work, its pur- poses, its demands. It may shut out or include banks from whom the very members of the ass Biation in (heir recent weakness have been bor- rowing, Or it may put ite ban upon any institution ofthe kind within the range of its influence. To this extent, therefore, is the Clearing House an g@utocracy, against the commands of which it will be no wonder if even some of its members to- morrow rebel. Even buchuism in banking may not triumph, Donbtiess much interest attaches to that probable action which mayin the future regulate the matter of CERTIFIED CHECKS, Decanse an abrogation of the past practice means @ loss of the patronage of the Wail street com+ munity—a custom which in the aggregate amounts to hundreds of millions t dollars per annom, True, that practice is not in accordance with the provisions of the law; vutitis worth while to note here, as @ mat- ‘ter of fact and history, that the principal losses entailed upon any banks while the rule existed have principally resulted from the speculations of bank officials themselves ; men, too, once connected ‘With the Clearing House, who wore Spotless repu- tations—on their shirt fronts. The “poor men” of the street—the so-called “small fry—have yet to discover among themselves such laxity of princi- ple and such iapsus of honor as have been ex- hibited in other circies, and, were the line drawn between the defaults of the mercantile com- munity tn their notes and the much-abused Wall street broker in his certified checks, the percent. age in favor of the latter would prove an eloquent. tribute to the high tone, the good faith and the creditapie relationship which he has generally ob- served in his transactions with the banks, THE MERCANTILE DANK, of which Mr. Kil J. Blake was the late President, Jones, it is said, in consequence of his strong “domestic” ties, only a trife—simply the amount of the surplus—$349,000—mere bagatelle—and at she close of the Stock Exchange the Bank Kyaw. How many dare to give to | NEW YORK HERALD, ee NOVEMBER 20, 1873—TRIPLE SHEET. mer, who fs 8 member of the body, announced that this institution was eminently and respectably solvent. The Clearing House Committee cf Nine on Reform held a stormy session to-day. Mr. Wil- liams, of the Metropolitan Bank, withdrew from the committee, as his directors had voted to post- pone the subject for 60 days, One or two mem- bers of the committee objected to some parts of the report, and showed a little weakening, but the bulk of the committee, it is said, stand firm. The associated banks now hold $30,475,000. THE MONEY MARKET. Money was active to-day at from 7 per cent to 1-32 per diem—the latter rate prevailing. Foreign exchange closed up firm at 106% to 106% for prime bankers’ 60 day sterling, and 1083; to 1084; for de- mand, THE GOLD MARKET was weak and lower—the price having declined from 109% to 1093s. ‘The final transactions were at 109% a 10924, The rates paid for carrying to-day Were 1-32, 3-64, 7, 1-16, 5 and 7 per cent, gold—the final rate was 7 percent. The operations of the Gola Exchange Bank to-day were as follows :— Gold balances... + $1,400,975 Currency balan: 1,712,427 Gross clearings 44,913,000 CLEARING HOUSE STATEMENT. Currency exchanges. Currency balances. Gold exchanges. Gold balances. . One hundred and ninety-five thousand dollars in bullion was shipped from Liverpool for New York to-day by the Egypt. The steamship Silesia, which arrived to-day, brought £114,000 in gold coin and bars, THE FOREIGN MARKET. London advices report consols firm and Ameri- can securities irregular and active. strong and advanced to 36%. The rate of discount in the open market on three months’ bills is 8 per cent, orl per cent below the Bank of England rate. Rentes at Paris were barely steady at 57f. 62c. Prices at Frankfort for bonds of 1862 are 9755 to-day against 977, yesterday. Nov, ane Nov. 19. Declined. Union Pacific firsts 6544 £7 Union Pacific stock 23% 18 M&M Northwestern preterred. - 54 2 St. Paul preterred....... 47 1 EVi@....ecesceee 3879 2 London, closing. U. 8. 5-20'8, 1865. 92% % 96% BY Wig % O13, te rie... 36% —_ Central and Hudson. 723 1 —By which it will be seen that American se- curities are lower and tending down on all the European markets, with the single exception of Erie in London, which exception is purely specu- lative, The situation abroad, therefore, was not more cheerful than has been predicted. THE UNITED STATES TREASURY. The customs receipts for the week ending the 15th at the following ports were :—New York, $1,287,648; Philadelphia, $115,153; Baltimore, $92,041. The receipts from customs to-day were $250,000. The receipts from internal revenue were $220,954. The Assistant Treasurer to-day paid out $255,000 on account of interest and $940,000 in redemption of five-twenty bonds. The balancesin the United States Treasury at the close of business to-day were:—Currency, $2,219,865; special deposits of legal tenders for the redemption of certificates of deposit, $15,480,000; coin, $80,045,359, including $28,756,900 in coin certificates; outstanding legal tenders, $362,807,611. RAILROAD BONDS. In railroad bonds there was a well distributed business and a firm feeling prevailed, the invest- ment demand increasing steadily. The latest bids were: New York Cen 6's, 53. 87% New York Cen 6's, 87. 57% New York Cen 6's, r. 6. 56 Del, Lack & W 2d m.... 9734 Del, Lack & W7's con. Py Tol &Wab Ist mex... 9144 New York Cen 6's, sub. 86 Tol & Wab Istm, St LD U3 Erie 3d m 7's, "83 +93 Tol Wab 2d m.-. veseee Erie 4th m7's, ' Tol & Wab equip bis ae Erieith m7", 9145 Gt West Ist m, '33. Long Dock. bo ous Hud R 7's, 2d m, s Alb & Susq Ist bds. Alb & Susq 2d bs, Mich Cen con 7 ih e ey mes Chi, Bur sy 8. ste. Mick Sia Fa we 19052 Morris & Essex Ist iit 107" Morris & Essex 21 m. 05% NJ Cen ist m, new [9 NJ Southern ist m 7s. 40: Pitts, FtW & Chic Ist..101 Pitts, FLW a Chie 3d 8 sake Shore con c bds Luke shore con r pds. Pac RR 7's, gid by Mo, Union Pac'ist m bas... ion Pac 1g 7's...--.. Union Pac ine 10°. con: Be Ii Cen7 p ¢, bub a sions Ciey ‘Ist. Alt & TH Ist m. 93 St Louis & 1M Ist 1 Alt &T H 2am pret...) 81 Mi e'stitsts tstan ED Chic & N Ws f. 97 Mil & St P-7’s, gold, RD 70 Chie & ¥ W col ese BB Ht & St P lat m, LacD 83 Chica 8 Wexten bis. 83 &8t aM. Chic &N W istin. 93 et cI Towa Mid Ist m 5's. Han &h1Joig Han &St Jo8's. conv .. Del, Lack & W Ist m. SOUTHERN SECURITIES, Southern State bonds are dull and nominal. Ola | ‘Tennessees closed at 70% to72 and new 71 to 72, Old Virginias are up to 40 bid and consols 49%; to 50%, deferred being 9 bid. Old Georgias are 60 bid and sevens 75 to 80. We quote oid North Carvulinas 22 bid, new offering at 17. New July South Carolinas are 8}; to 10, plain Missouri sixes leav- ing off at 864; a 87 and the St. Joseph issue 83to 844. GOVERNMENT BONDS, Government bonds closed a little firmer:—United States sixes, 1881, registered, 113% @ 11414; do. do, do., coupon, 114; do, five-twenties, 1862, cou- pon, 10844 a 109; do., 1864, coupon, 109% a 100%; do., 1865, do., 10924 &110%4; do. do. do., new, 1123 113; do., 1867, coupon, 113% a 114; do., 1868, 11334 114; do. ten-forties, registered, 107 a 103; do., coupon, 1074 a 107%; do, fives, 1881, coupon, 10814 @110; six per cent bonds, Pacific Kailroad, 11 BANK SHARES. Bank shares were moderately active. Mercan- tile w: offered at 120, against 125 yesterday; Fourth National sold at 9034, Central National at 55, Park at 120, Metropolitan at 115, Ninth National at 90 and Bank of Commerce at 111%. The latest bids were:—New York, 108; Manhattan, 138; Mer- chants’, 100; Union, 125; America, 135; City, 250; Phenix, 85; North River, 79%; Fulton, 125; Green- wich, 205; Gallatin National, 118; Leather Manu- facturers’, 150; State of New York, 10134; Com- merce, 111; American Exchange, 100; Market, 110; Corn Exchange, 110; Importers and Traders’, 160; Central National, 60; Fourth National, 90%; Ninth National, 90; German-American, 86. HIGHEST AND LOWEST PRICES. ‘The following table shows the opening, highest and lowest prices of the day:— Opening. i red Lowest, N.Y.C. and H. R. stock con. Hod] 86% +++ 10936 00 ig 107% Ert % 42% 40% Lake ‘hors. 6855 06g Wabash... 40% 394 Northwestern.. 40% 38% Northwestern preferred. 6215 61 Rock Island 889g 871 Fort Wayne 86 86 Milwaukee an Bt. 30% 28M Mil, and St. Paul p 5334 63 Oto and hiisstssipp) Ads 23 New Jersey Central 92 os Union Pacific 21% 19% C., C. and 1, 19% 19% Pittsburg. . 78 8 Western Union. 60% 87 Pacific Mai! 26 27% In Philadelphia stocks were steady, as follows :— Pennsylvania sixes, 107.4; Reading Railroad, 52; Philadelphia and Erie Railroad, 17; Pennsylvania Railroad, 4434; gold, 10054. MEMORANDA. The proposals for the new loan of the Boston and Albany Railroad were opened to-day and out of $1,200,000 only $600,000 were taken, as the corpora- tion decided not to accept olds at less than par. ‘This 1s indicative of the state of the money market in Boston and elsewhere. SALES AT THE NEW YORK STOCK EXCHANGE, ‘Wednesday, Nov. 19—10:15 A. M. $a VE Ss 2 81. ag igs VE Bs, ¢. "81... 109) a0. 66 18 niall 10% Ww US 6, & OE... LOsKe 1300) US Sel0-4d, ¢- bo Wi i 20W UB 6-0, c, "67.0 118% 10.00 US 6's, cur..b c. 10 A. M.—Before Call. 57% 100 shs 5 OM aRI ae wis e 800 shs West Un Tel 400 do. Erie was" 200 100 Pac MSs ds! bd Wo do. 28 100 Ci 4 OLS 4 MS RR €6' BH al 200 ot 300 66: 200 66: U0 Bu I ay » 400 20) 9 do. Fy wo % ss 3 200 ao. 20! 100 Chi 4 RI RRB. 873 eseges -t it Free Soussess ee SEESEzE: eR reEseo See 2gn2 Hee B = Eee eebEseae SESSSSESES! SIbossEERE BAGS, e SPDR? $100) US 6's, ¢, ‘2000 US 5-20, oe pe UnTel..c ssi Si do. RBELBAISABYS, et 8 Se a RS BAYA bi Tenn 6's.new....., Tum Un Fac RE stm 7 ae imo Pan 108. Ae... BP & A, old... Tun L'shore aiv bs. 1000 Gt West 24 m. 2000 Ta W lst. StL. d. Sy) Cen Pac ald bds. 6 shs Bank of Com. SEESSSESES UE S23 S33) ayeeeeese ESee ESSeSete = peer Bes! (Leeks Be 30 BSSzSESE%S SESessiee Si i 100 Han Pavia RRbe 57: cpa 4 12:15 to 2:15 P. M. eS ae a: P. M.—Before Call. 500shs Un Pac RR...b3 100 a SESSeSceSesessy & SEHCSEEEE: Scand Weava—a 3. 71 1400 shs West Un Tel 4300 do. 100, do, 100 Un Pac Rit, 20 do. io chi &'& W Hip 4 CMe RI Kk he 8 ‘a9 : 20% 20: eer eee ed esses tate at oN BUS: as Ws a% 100 Wp Del, 1 1k Wii oe iomese MRR ‘bi brs bs 24g ” one 8 MRR GS Gt to 3 P.M, oss c esha do... ‘0 Ohi 10 Han estve RES CLOSING PRIGES—3 O'OLOCK P, - Western Un Tel 6) a 0% Union Pacific. 904 6 Eavipbu HABUVEE sey 20 pig a ana Eepiees aOis 86 S| a Fary osx . a ica ae a 8 1 talus i ad COMMERCIAL REPORT. Ma EH Cotton Dull; Easier for Future—Flour, Wheat a: Corn were Active and Higher—Oats Firmer—Pork Dull—Lard @ Shade Easier—Groceries Quict—Pe- troleum Decidedly Lower—Naval Stores Quiet, but Firm—Whiskey Higher. WEDNESDAY, Noy. 19-6 P, M. The improvement in commercial circies con- tinued to-day and confidence has become measur- ably restored. At all events, commercial values have apparently fallen to the lowest potnt, and now that the tarn is upward and the gold premium rematns comparatively steady business men begin to have a better realization as to their standing, and more disposition is evinced to venture some- what beyond their immediate wants. Money ap- pears to be getting more plenty—at all events it flows more freely through business chan- nels—and this is one of the chiefest evi- dences of @ more healthy condition of things commercial. On ‘Change to-day there were some marked changes, the ‘spell of weather’? having obstructed canal navigation to such an extent aa to cause @ sharp advance on all kinds of bread- stuffs, Flour was wanted for export, and prices were decidealy up. Wheat was also in active request and prices advanced materially. Corn and oats were active and rather dearer, though the advance-on them was not so radical. Whiskey was better, Pork rémained en- tirely nominal, while lard was a trifle easier. Gro- ceries were quiet, but values remained about the same. Cotton was dull and unchanged for lots on the “spot,” and quiet at trifle easier rates for “future.” Freights were steady. Petroleum was in moderate demand, but at decidedly easier figures, prices to-day having reached the lowest point since its production. Naval stores were quiet, but firm. Burrer.—The demand has been slow, both trom the home and export trade. Quoted as follows:—New York State and Pennsylvania selected pails, 40c. a 42c. ; do, firkins, G00d to choice, Sc. @ 37c.; falr to go0d doy Sle. a Sc. ; State half-firkin tubs, good to choice, 37¢ a 40c.; fair to good do., Me. a $7¢.; common to fair do., 28¢. a S4e. ; State Welsh tubs, good to choice, 38. a $6c.; fair to good do., MWe. @ S8c.; common to fair do., 26c. a 30c.; Ohio Western Reserve, good to choice, 3c. a 82c. ; fair to good do, 250. a M0e.; Indiana, Illinois and Central Ohio, good to choice, ‘a Ble. ; i talr to di 2c. } com. mon to tair do., ry butter” T8c. & eS Michigan, ‘good to choice’ 80¢. a 88.3 tair to good, 25c. "Griese has met with only @ limited export demand and a moderate trade for local consumption, | Prices were about steady as follows:—New York State factory, strictly prime, ldo. a Lge. | good to choice do., 3c. a Ise. pcommon totair dow it 12iKe. ; Ohio sactory, ‘00d to prime, 18e. a 13}. Ath fair to good, o., common ‘to 1s Sic New York, Ohio dad Vermont skims, 8. a 10, Corre.—The market remained quiet and unchanged for all ees tions From the out ports we heard of sales of 8, of Blo, ox Rebecca, and 1,500 bags of do., ex dist ade, both at Baltimore, al from Be. old. append our former aN iow: Blo, of gromary, peasoes: Me. a 13 Lace vale doe ee a 20c. M40. 5 Spb. Pi @ 220. ex. 226.. wold, D peri, a and Nida overnment So ay . & 266. ; grass mal 8 Ble. Ceyi & o.! ay $e. 8 Ke, ‘Jamaica, ‘ bon Porto Rico, 20c: 2c. ; oak 8 Rica, xi lean, Ze, a 22c.; a 22) Savaniila, 21%se. a Bc. Guracoe boxe. ase sGortox on the spot raled dull at yesterday's prices. Future acliverion? with limite ransactions, declined Tio gud closed barely atesdy., We quote = ‘plands. Alabama, N. Orleans. Texas, Ordinary... 133 1s 1334 133 Good ordinar, rey 14h 1a rt} Strict good ordinary... 143 14 M4 14 Low middling. us 1s 55 Midaliny 15 a 15 Good middling. 16: 16: —The quotations a1 Gotten in store running based 01 in quality not more than bait & rade above or below the The sales Brade quoted. Export. Consump' Speculation. In transit. Total.. - 108 ist 2.225 —For future delivery (basis iow eee ‘he {Sales nave e three o' were :— To-day. lay. Last Boening. Total. 1,310 51 been as follows eS r ‘clock—De- cember, 100 at 15 at ABc.; January, 400 at 15 5.16e., 200 at 16 Ron ee eTUaTY, 20 at 15 19-32¢, ; roids yo Ripratirst 1) 200 at 16 $-16c., bales, Erchaigeboc, Total, Decemper tor are Ho a aid Aid, eae ge ny a Aree November, 200 at 14.27; Yorat Wider December, 200" al 4 29-326, Si at lAyge., 100 tt Ste, ON Gia eee 300 at lah e-y, OO at 14 29- 4 te tae amat 153-16e.,"300 at 15 9. ise, ‘IW at 2 50 at ‘ibige., 100 at 1S tice elt at 8c. 20 at 15 3320:" 500 at 1p2¢C 300 at 1 400 at 153¢c., 400 at at 15 3-16c. 1B 31 nd we io at 15 13-1008 100 at I58c., 500 at 15 ig Wet S dpeii Sadar i 16 1-16. Total, 9.800 bates. 'Grand total, 13, e receipts at the Ps Orleans fy83i Gharigstoe, Reng! oe York, iy day last t week, 16,890 bal foe hantes” on cotton to ottioally steady, as follows: steam, 1c. 5 ee c. To Hamb marks pet 100 1b equal sah te, men, ay Se 15 13-320. March, lay last ‘ores eign Ro mig nes 15,850 re) Bink To To Liverpool, $d. a a Saba by fa Rec ie Zour, 8,589 bble,; whe: 233. bush LOLS13 do.; corn meal, 319 bi bay oats, 14,375 Dnshels:” bariey, 0,050 do, ; 584 Fiour was in request, higher—shipplng extras the market clostn Toon ano nai t 26c. per bbl oar at tthe aimprovement The cales since last. 1 bls, in= Shaaing ail kinds: at p mhces within it runes ‘of the sub- uotations, Corn meal was in limited supply and fair demand. ‘The sales toot up 450 bbls. at prices within the range of our quotations. We quoi No. 2 State Superfine staie. Extra State Choice State. Superfine Poser Extra Weste Extra, Minneso Round hoop Vhio, Round hoop Ohio, trade brands. a oe a low BU Lous straight ext St. Louis, choice double extra..... St Louis, choice family Caliiornia.... Rye flour. Southern, No. 2. Southern, supe: southern, extra Southern, tamil; Ss 2 s » oF a a a SeremiS2|nae Corn meal, Je: Corn meal, Brandywine: ees uen aimasataanaan 00, bo 19 oo po 15 00 50 50 oO 15 5 30 Not 35 5) 00 50 00 wo 35 5 45 Co FSsssesuss essescesssss nPeerenpensvee Seca aceee 0. 3 8 $s ir No mre hicago, Ostia gl wie Noe? Mliwaukee, $150 1 s2 for No. | Milwaukee and Duluth in store “and $1.8 for No. 1 deliverable in all December; Can- oda w in bond on ree ee ferme Corn was active and mal gistng st at les were “pce Bag bushels at 6fiec. a ob, for mixed in 8c. do. afloat, 70c. for choice high mixed and yeliow, neti s 7éc. nominally sate white. ts were firmér and ‘i lor Fauicnts.—There has been very lit fretg be ae oa bas rates jan not Be ly moderate’ c ny ness was gemat at Gaunt ihe et were: ‘0 rate forpeatn in wi aa Md. 4“ ‘0, Lond: $42" | oto bola: Hour ‘at is, 34° To: Leeds via Bratel, ty, steam, 20 tons leather at tive, Ms Der ton. ro 40 steam, 10 tons clover seed at 56s. To Ham! 50 tons of provisions, part futare shi . The charters embrace :—A British bi just, O00 quarters grain at Se. 7340.. and 1b tons of oll cake at oda Beit brig Nance We Anoona, 1 Sb0bbis Feed etroleumn at 7s. Ol 's British Dark, netce to Ante ola, of refinedsio, at on Bd. ath british brig h ence 1 naire ort United Kingdom, 1,900 bbls, naphtha at bs ritsh hark hence, to Havre, 4.40 ble of nay niha ut fe Sat rane at Sf Gm Br ence to London, full cargo of oth cane at Sis Od.; 8 BHtlsh bark, hence ‘aam 0, in bbis on private t BoXISe" lark, tor arrives about SW) tons Pater. hence Antwerp, wenerai cargo, said to be at a lump sum of ‘oLassns.—The market remained dull, and values were nominally the sume. Hote tee a sae do. layed, srocery, be. Boro ¥ io, Tanda, 266. & abe. jew. Orleans, ‘Bro! irits of turpentines a market ecvAlaued dull, but there was stritie firme ani ot on who were holdi rH ioe BON. ¥. bbls nadie Hata ae for bout “rmbt rade: ed, e« 60) bbls. in be og titer trades i 68 ich 8 as before. Tar Pitch sold to the extent ted nomi ort fan 8 MY Crude’ it Apa wae Ae rqunted at Sc. Cases were in als! e and ie Ko Raph the wa ce As whotl ty fominat 3 about city. Philadelphia Inarket was dull and SMinalty easier, ined quo’ at 13s¢0. for bi of month, and 13. for December delivery. PAL the oil producing points the market was dull and weak, asoee as follows’ ol City, sl; Petzolanm Centre, We: ote, 0. id; Rouseville, Bbc. ; Titusville, as 1 ‘ROVER ~ Receipts—Pork, 235 bbia.; beef, 63 pack- itn atm, Bot do. ; lard, 608 bbls ind tercet and market {oF mess pork wi ut wendy, it Sis Sold dom privaie curren’ pe fange of for extra do. 18 and do. India yore newlected and pales of now es re aE! ee aan pari ay rontinued moder- te Prices remained fade ae line ese nae anion het bee quiet to- . 3—-Ouba- fair to good cery, La Rainey gard, 0 2, 70. a won Calle STEARINK.—The market was td and enehes ged. We haye only to report sales ot 45,000 lbs, of grease stearine tbe. piatign vee eras Loy 1 Tosa! rime city quoted at ,000 Ibs. of ouimde at from were re! 5 rine aie ai Receipes ie riggunly ‘Tho, market was higher sat Soe. and auiet in conseuuenes. Sales 150 DOMESTIO MJ MARKETS, JALVESTON, Nov. 1 es oma? Ba Cotton firm; good ordit » Net receipts, 1,032 bales Sales, picts Nw Ver Ota, ov 19, 1578, ait oad peainary kes Siete recey et bales es Bri h fe tala ae Le 100,626 Monttx, Nov. 1! Toramidditng gor Net celia a9 bales, Kc, 26,326, Ppa Nov. 19, 1873. lage. Cotton quiet and easy: middling Ie. ; strict good ordi inary, Je Exports coastwise, 704, + Cotton easier; middlin; Net Tocelpte neo bales. FP ek oatas Great Britain, 6,330; coastwise, Bales, 2,3 549, Cott let; pain MW ona lage eeu i dit n gpiets maX ¢. @ Lage. ; low middiiny Isipes a Mong strict good oF tho es ONet receipts, bales. = bxporis to, Gr reat Bri ritain, 088) to the Con ent, 3,070; coastwise, 784. tock, Wr Rana No. G.. Nov. i iT Spirits of turpentine, no sales. in quict (at $230 for girained. Crude turpentine, no salen’ Tar steady at 10. Nov. 19, 1873. paid. jour, geeest ; sales of rw bbe at var a for, oe 1 40 a $1 42; now held n dull; sales of 4, ) bushels hich mixed ” parley ‘duit: saleg of 10,000 bushels Co r bolted, owh a; shorts, 19; Pate per ton, yer See’ to New York; cs lumber, $3 5 to the ‘oad trei; La td Bd at New Roe ot) jathels wheat 33.900 Shipments—2,400 Dols flow bushels lo. barley. The amount Ot grain in the canal "om ‘Buffalo “and Oswego tor tide water yesterday noon, in be ascertained, was 8 10) Dushels wheat. 1,876,000 do. corm, 90,000 do: oats, 405,000 do. barley, 91,600 do. rye and 3,500 do. ‘peas. Burraro, Nov. 19, 1873. Lake and rail imports for the last’ 2 honrs-Flotr, 24.070 Dbla; wheat, 240218 bushels; corn, 170,90 do. : outs 29,401 15,096 do. ; 10. ; peas pa do. bari Sanat ‘s mee yp NIMe S05 FTS, BOR a corn, 42,300 Pe orts—Wheat, hee bushels; corn, 7,200 do. ; oats, 10. ; barley, 4,400do. Canal freighis—Wheat, isc. corn, llc. ; oat ie Flour quiet; Western whl ate a $7: bakers’, $7 a $8; amber, $7 Lie . Wheat—Nothing doing; quoted spring, en do. Bp! 5 Wao st 70 sales estern at S130, 7.000 do, do at Ble, Oats quiet males small lots No. 2 Weatern at 48c. : 700 bushels white Michi- anon track at 44%0. Barley steady: aales of Canada at rae two Loren at $1 17a $125. Other articles unchanges TOLEDO, Nov. 19, 1873. Flour es gnd unchanged. Wheat dull and @ shade lower; ash, $1 65; amber Michigan, january, 1 45) 0. 3 ig. Cor dy at @Wer December, Be, for January; low mixed, cash, 48¢. Oats in, tair demand and firm at 42c. for'No. 1, 40c. for No. 2 Freights— Nothing doing... Clover seeds sold at $4 60, Live hogs t $4 70. “Receipts—1,000 bbls. flour, 3,00) bushels corn “and. 1,000 Go bala Shipments—1,000" bbls. flour, 15,000 bushels wheat and 8,000 do. a HICAGO, Nov. 19, 1873. Flour steady. A fing PA te Jose. at $1 8 a $1 09 for No. Lapring, $1 (2 for Xo. 2 ash: $1 Ui% Decem- er, $1 08! Gee Ae ‘rejected, a Sic. Corn in tafr demand and lower at S8%o. for No. 2 mixed, spot; 39%¢c. Decem ¢, January; high mixed, 40%c. ‘Alc. ; rejected, 87¢, a 373¢c, Oats advanced and in ti demand at 3134¢. for N sh; Sl¥e. December, Se lor No. 2 Barley Se, for No, spring. sions January. Rye steady at Gull and lower at $1 30 for No.3 fai, 9 Whiskey active and higher ai fairly active, though easier scanner entenocdina pi se'frm. Pork sold at $11 8734, ogni, 12 10 february. Lard sold at 05, cash lower. cited ind 5 ren meate—si o.: 8 rib middies, 54%c.; short clear migdien, Som Breighte Corn to Buffalo held at 7c. ; 0 We bid. Le yt 000 bt Hour, 99,000) Dushels wheat, . corn, 15,000 do. oats, lo. aye and 1 90) or barley. Shipments avon Sole Aour, Sad busnels wheat 94.000 do. Corn, 4-00) do. oats, 1,000 Go. rye and 20,000 do. barley. BOSTON WOOL MARKET, Boston, Nov. 19, 1873. The low prices for wool are causing more demand for the article, and manutacturers are inclined to increase ir stock, but some of the heavy holders are not free sellers, as ‘they are confident that the future will de- velop ‘a better market. Prices are still more or less irregular, being governed by the fact whether the pur- chaser pays cash oF asks for time payments, the figures being of course much in favor of the tormer. The sales have been at 45c. a S0c. for medium, extra and double extra Ohlo and Pennsylvania, prompt cash purchasing from 45c: to 47c., and sin and Michigan at 42c. 5c. per ib. | In combing and deiaine fleeces nothin AS now runnin; disposed to chav x supply for premeay wane ands ar the present market, Canada combing is uuiet, and prices are nominally Soc. a Sisce. per Ab. superfine and extra pulled have Deen selling at 35 a Bc. and Caliiornia at 1dc. a Me. for fall and spring, according, 10 quality. EUROPEAN MARKETS, Loxpon Moxey Maner.—Lonpox, Nov. 19—12:30 ?, M.— Seneolg for money, 92% a 92%: for the account. States’ five-twenty bonds, 1865's, old. 92) cae shares, 3554 M.—Consols for money, 92% a 92 ‘: by United States ‘five-twenty bo are 9644 5 tenvortiey 0%; new fives, 9144. Krie Tail? way share, $6 Bounse—Loxpox, Nov. 18-8 P. M.—Paris de- ae te rentes at S7f. ‘M.—French rentes, 57f, aoe. 30 Rentes Soe at wt a FRraxxvort Bovrse.—Franxront, Nov. 19,—United States five-twenty bonds V7 for the teste Of 1862 Livenroon ARKET. LIVERPOOL, Nov. 19-3 M.—Of the sales to-day 5,800 bales were American. Cotton to arrive steady; no ‘transactions. The market is dan and unchanged: ‘Sales 1000 bales, inela ing 1,000 for speculation and export, Sales on the basis o middling uplands, nothing below iow middlings, shipped November and December, at 8 3-l6d, LiveRPOOL BREADSTUFTS ) P. M.—The market is quiet. Livenrool Provistoxs Marker.—Lrvenroot, Nov. 19— Evening. —Cheese, 60s. 6d, per ewi. for. the'best grades of American, tine. bacon, per ewt. for new short Loxnox Propuce Manxer.—Loxnox, Nov. 19—Even- ing.—Comimon rosin, 8s.3d per cwt. Linseed oil, £29 Gs. a £20 98, per ton. Spirits turpentine, 30s, 6d. a 30s.'9d. per oPernoumou Manxer.—Antwerr, Nov. 19.—Petroleum, ‘S4dgt. for tine pale American. |ARKET.—LIVERPOOL, Nov. 19— FINANCIAL. perry “{ T REASONABLE RATES—MONEY ON LIFE AND Endowment Insurance Policies, Mortgages and other Recurities, Insurance, of all kinds eflected with be companies. id. sh ertakctes FROTHINGHAM & COMPANY SECURE capital for incorporated companies, merchants, manuincturers mines. | Our. Reuister F contains many es eatmen ‘SPSRANDER Ph PROATNG HAS t COMPANY, 112 and 114 Broadway. A —LAPSLEY & BAZLEY, BROKERS, 74 BROAD- « way.—Stocks bought and sold on commission, Oumargin or for investment; privileges negotiated ; cir- Say aderges privileges, with references, mailed to LADY WISHES TO BORROW ontave, Address N. G., Herald A MEMBER OF THE NEW YORK STOCK - EX. change desires a partner who can influence busi- Ness or would accept @ situation with a good house to Fepresent them at the Board. Address S., box 2190 New York Post office. LADY, POSSESSING GOOD BUSINESS ABLLIT wants some assistance from an honorab! gentleman, att can appreciate a tone woman he ceive her contidence G ry ‘Address ASSISTANCE, Herald office, FLASK gt & BRAINE, BROKERS, Il BROAD Aegotigadeubiig att sold on margin; privi- leges negotiated, enabling any one with emall exprtal to speculate safely. These contracts are always 100 share lots and are signed by responsible firms. Explanatory circulars mailed. $10 ON REAL ptown Branch ONEY TO LOAN—UPON BOND AND MORTGAG! New. York City Property, in sums 4 i Ri eee only. VARREN 8, Na bit No. 6 Beekman street, Fo rooms and 19 ONEY ro ee tak CITY PROPERTY, IN SUMS it. Apely atonce to 8 B, GOODALE, No. 5 West Twenty third street (Fifth Avenue Noten MASUPACTCRERS, WITH BaTABLISHED Bust. E88 Of lt character, wishing to increase their capital $10,000 to ng sh or dispose ot en interett ean find AeSEER by ap plying to ROPE & AZER, Brokers Ph eo nbn ters Frocks 48 He e Goupons of tne Long Dock gave Honde taliin rg 6 De a, These emit and after that dat at the freasur; Company, Twenty third rest op ‘er jie i" nue. Treasurer Long Dock Company. OTIC, The Conpons of the Fifth Morta rk i feria seat wilt te isla end a ter that ars PS aT Dune teas Sherman & Co., a } SHEARMAN, Treasurer. EW YO! Feinacbting ue May 1, 1875, Or sale Cheap DY wile A. MORAN, 40 Wail surcet. Kings county 7. FINANCIAL, pr AND CALLS.—NOW THAT THE FLUCTUA- ro, violent eine iDterest 0 in. the market, seized eer ing that th insufficient. a new system sums of $10 to $104 ach 'be invested in & mAnDer ae ‘wartime liability to, this amount, while | fits likely to, accrue are in howise page inal “1 oak, hatte VALENTINE TUMBRIDGE & CO. inveaunea Bankers and Brokers, 39 Wali’ Wht w Yor URCHASE MONEY—SECOND MORTGAGES FOR sale, BARTON & WHITSEMORE, 105 Broadway. XTOCK PRIVILEGES! STOCK PRIVILEGES !—ALL contracts negotiated are signed by members of New York Stock Exchange of responsible Arms; no privilege nexotinted for tess than 100 shares for $100 . Brokers, 74 Broadway. | Was ON SECOND MORTGAGE ON Ca auf Toved ety real estate, “Adaress PLEASE, box 222 Herald office. TANTED—A LOAN OF $5,000 TO $10,000 FOR 9 ‘days or longer, at option of the lender: good se. curity and interest given. Address CAPITAL, ‘Sox iso Herala office. WARTED TEXAS: SOUTH CAROLINA OR GooD Railroad Bonds in exchange fora fine Farm, 25 clea, malles in Jersey; ree and Ch"EonDICT, 149 Broadway. 00-22 LES. er FOR SHORT TIME $5.0 on security; no brokers. Address HANT, 00° 162 Herald ofiiee. 8.00 “WANTED—ON BOND AND MORTGAGE, for one or three years, on property in eatchester county worth three times the amount; wil) pay a liberal fee. Address HOMER, Herald office. 520. 00 20823 yn 0 PURCHASE FIRST Mortgnce | on unimproved Property ic nor New Principals only ealf on SAWARD & LEAVITT, b4 Wall strce N oN MORTGAGE IN SUMS upwards; existing Mort- gages purchased. TIAMAN’ & SON, 25 Pine et. 62.000 T.LOA% AND. FOR INVESTMENT IN city First and Second Mortgages. $30,000" in small sums for care or Harlem, , 56 Wall street. BARTLE! 100. 000 TO LOAN, IN SUMS TO SUIT, ON frst class Mortgages, Notes, Bonds and other Securities; also cash to buy the same. PAUL P. TODD, No. 8 Liberty street. ca! $200. 000 TO LOAN-—IN SUMS TO SUIT, ON First and Second bre are oe pro- erty; small sums on personal securities $60.00 __ Montauk Insurance Company, 15) Broadway. TO LOAN—ON OND AND MORT- $300. 00.000 gage, ie tarie and sinall sums, op Property ; Second mortgages cashed. ij TY ALAN & SLOAN, SI East seventeenth street, COPARTNERSHIPS. © | N°9 9 WALL STREET, New York, Nov. 17, 1873. We have this day formed acopartnership under tho rm name of CAPRON & MERRIAM, for the transacting ot a banking and commission busi- ness in stocks, bonds, gold, &c. R. J. CAPRON, Late & J Capron 4 $Co. Ww. RRIAM, ‘late ‘Merriam & bell. 'PhHE COPARTNERSHIP HERETOFORE EXISTING under the firm name of Phyfe, Graham Co,, has this day dissolved by mutual consent. Either part- ‘ner will sign in liquidation. Dated New Ae November 18, 1873. ag HIN D! PHYFE, JOUN GRAHAM. EDWARD FIFE, +e + UNITED STATES SUPREME COURT. Decisions. Wasuincron, Nov. 19, 1873, No. 8. Lucas vs. Brooks, Jr.—Error to the District. Court of West Virginia.—This was an action bronght by Brooks to recover of Lucas a tract of land in West Vir- ginia, The allegation was that Lucas took title from his father by virtue of a deed nominally reciting that the purchase money was $15,000, while in fact nothing was aid, and the sale was to put the Ht ead, out of reach of he father's creditors and was in trai The judgment was for the plaintift, pnare: it reversed, on the grounds of alleged error in ing of the Court. Case submitted on the printed ‘ints by MP Aliizon & Lucas tor plaintiff in error ‘ond Gd. pean jor deiendant. No. 95. Amoskeag Manufacturing Company vs. United Staves—Appeal trom Court of Claims.—The Court of Claims dismissed the company's petition filed to recover the price of certain carbines alleged to have been manu- factured for the government in 18684. The contract of the government was to purchase all the carbines, Rot to exceed 6,000, that the plaintiff’ could make in six months trom April 13, None were made es the time, but the number required were e and tendered, by April 5, 1864; the excuse for the delay belng’ a ‘change In the form of the carbine, proposed, as is claimed, by the Ordnance Depart- ment. ‘Tne government answered that the changes asked by the department would not have occasioned the delay, but that the changes made of their own motion, by the manufacturers, joned it, The appeal main- tains that the delay was occasioned by the orders of the department and that there was an extension of time. C.F. Peck and W. W. McFarland for appellant, | The Attorney General and ‘Solicitor General for the govern- ment No, 60. New Jersey Steamboat Company vs.’Pleasonton,, Collector—Error to the Circuit Court for the Southern district of New York.—In this case the Collector exacted the tax of 244 per cent on the berth money received by the company. The tax was paid under protest, and the suit was brought to recover the amount, the company contending that vessels paying tofinage duties are ex- empt from the tax on gross receipts iimposed by the 1084 g section of the Internal Revenue actof cis that, in any case, the taxon berth money paid passengers. ‘was not intended ; such money was not, aid Yor trans: portation, and was not legally taxed. ¢ Court below sustained the tax and this Court affirms the judgment, hoiding that there was no exemption for the reason al” leged, and that, the berth moneys being @ portion of tha Bross receipts, were to be assessed, Mr. Justice Beare: delivered me opinion. Mr. Justice Bradley dissented, holding that the act of 1865 provided tor the exemption claimed. No. 72, Murray vs. United States—Appeal from the Cir- cult Court tor Wisconsin.—The bark Mary Merritt was. seized at Milwaukee tor an alleged violation of the Free Trade act of 1817, which provided that after September 30 of that year no importations should be made except in. vessels of the United States, or in such fore! weil pet long to the citizens or subjects of the country +h the goods are the growth, production or manu- facture, or trom whieh the importations can only be oF most, usui ay are first shipped for trai tation’ pro- vided that the regulation shall not extend to the vessels. of any foreign nation which had not adopted, or should not adopt, a simular regulation. The decree was government in the Court below, and forteiture w malty. This Court finds that the act was violated, and That the vessel was not within its proviso as claimed. ee affirmed. Mr. Justice Huntdelivered the opin- jon. No. 66, Carpenter vs. United States—Appeal from the Court of Clatms.—This action was brought to recover for the use and occupation of Dutch Isiand,in Narragan- sett Bay, from August, 1863, when taken possession of by the government, under an agreement to pay for it $21,000, asasite for coast defence, until the money was finally ald in 1866, tne delay being occasioned by the necessity for an act of Congress authorizing the purchase. This Court affirms the decree below, Ing that there was io ground for recovery, as parties d with the govern- ment were always aware of the possibility of such de- Jays and must be supposed to act with peneeuee, to them. Mr. Justice Strong delivered the opinion. No. 65. Steamtug Adelia N. Jackson et al.—Appeal from the Circuit Court for the Eastern District of Pennsylva- nia.—This was the affirmance of a decree against the tug, ina case of collision growing out of her towing a number of canal boats down the Hudson from Albany, and by grounding g causing the destruction of one of thems the ‘Court holdin: e accident 1s occasioned by her unskiltal mani wement. Mr, Justice Bradly de. livered the opinion. No. 74, Steamship E. B. Souder vs. Pritchard; and No. 75. Same vs. Beatty et al—Appeals from the Circuit Court for the Eastern District of New York.—These were claims for advances made to the steamship while at bbe the dreditot Wh hip or upon draits di owners. ‘The Court below sustal Parties that the advances were made upon me creait ofthe sh ind t) Court affirms the decree on the at ot a iyumber Of cases cited, Mr. Justice Pield delivered the opinion. No. 76, Philp etal. vs. Nock—Error to Supreme Court Districtof Columbia.—The plaintiff recovered $500 below, for an alleged infringement of @ patent for an inkstand Mere, ancees me Wena hee st t e Jur; z raga dca” Aas Sap elven te opin No. ‘a Eldred vs. The Michigan Insurance Bank— Error to the Circuit Court for the District of Michigan.— ‘This wasa suit upon a promissory note, the defence to which was that recovery had Sere had on the same in. strument fae the State Court for Wayne county, the Court red jurisd! ot Eilred' by his a) havin sequal son ot ae teoe shee and pl Fetused ent amit thi tee Ke ipridence aaa bar to the action, because when offering Jt counsel stated that it va roman in hi nent Le in ‘nies there was no ser-. counsel for je ge Row insisted. Tint ibe Praline of the Court being based. uy is state. ment of cout f there was no error, for ry party will not be permitted, to take advantage of wn misstate. oe Pere Court howeve 8 the Judgment and. rior judgment order gd a |, holding that tie! p ni fe Note, and no other. sult c i Writtle Mike denvered hemisce ee No. 86. iano et al. vs. Dodge et al.—Error to the Circuit Court for the Eastern District of New Yor This was an action two restrain the defendants from using during an extended term a machine for sawing thin boards, which they had in ase pring to ortelaak ioe as asely Me Oo of (Re, pera it th Hudsot 4 r ey. je Court below decides t in vi 6 OF the defendante to tse the machine rare crorimtnal term, itis privileged to be used by them the ex- tended terin, under the Fatent act of daly, 1836, and also. uncer former decisions of this Court. The de tad is here affirmed. Mr. Justice Hunt delivered the opinions No. 40. United States vs, Henry.—Appeal trom the o op of Claims affirmed, ae (0, 155, Boones %, "thus com ar Btaree- AP vid pseiat ¢ Court of —! cane, tional facia Was dented, andy on General, the i nent was reversed sd the couse re- manded for a hew hearing. No, 162, Shrewsbury 4 ea ‘The United States; and No. 5, arte the United States—Appeals from the Court ol Cluline Motions deni a sit on Friday next, but will devote Pty bs to past h ad Motions oil be beara op Thurs- aay, -